Ultrapar Participações (NYSE:UGP) Shares Gap Down – Should You Sell?

Ultrapar Participações S.A. (NYSE:UGP) shares gapped down prior to trading on Friday . The stock had previously closed at $2.72, but opened at $2.60. Ultrapar Participações shares last traded at $2.59, with a volume of 87,562 shares traded.

Analyst Ratings Changes

Several analysts recently issued reports on UGP shares. JPMorgan Chase & Co. raised Ultrapar Participações from a “neutral” rating to an “overweight” rating in a research note on Tuesday. Scotiabank upgraded shares of Ultrapar Participações to a “hold” rating in a report on Friday, December 27th. Finally, StockNews.com downgraded shares of Ultrapar Participações from a “buy” rating to a “hold” rating in a report on Wednesday, November 13th. Six investment analysts have rated the stock with a hold rating and two have assigned a buy rating to the company. According to MarketBeat, the company has an average rating of “Hold” and a consensus price target of $5.20.

Ultrapar Participações Price Performance

The stock has a market capitalization of $2.87 billion, a P/E ratio of 5.59, a price-to-earnings-growth ratio of 2.21 and a beta of 1.52. The stock has a 50 day moving average of $3.02 and a 200-day moving average of $3.67. The company has a current ratio of 1.57, a quick ratio of 1.11 and a debt-to-equity ratio of 0.76.

Hedge Funds Weigh In On Ultrapar Participações

Large investors have recently bought and sold shares of the business. D Orazio & Associates Inc. lifted its position in shares of Ultrapar Participações by 30.3% during the second quarter. D Orazio & Associates Inc. now owns 15,046 shares of the oil and gas company’s stock valued at $59,000 after buying an additional 3,498 shares during the last quarter. Aigen Investment Management LP lifted its position in Ultrapar Participações by 19.4% during the third quarter. Aigen Investment Management LP now owns 38,120 shares of the oil and gas company’s stock valued at $148,000 after acquiring an additional 6,205 shares during the last quarter. Signaturefd LLC boosted its stake in Ultrapar Participações by 67.9% in the third quarter. Signaturefd LLC now owns 16,017 shares of the oil and gas company’s stock valued at $62,000 after acquiring an additional 6,476 shares in the last quarter. Inspire Advisors LLC boosted its stake in Ultrapar Participações by 33.7% in the third quarter. Inspire Advisors LLC now owns 38,838 shares of the oil and gas company’s stock valued at $151,000 after acquiring an additional 9,794 shares in the last quarter. Finally, Jane Street Group LLC grew its holdings in Ultrapar Participações by 26.0% in the third quarter. Jane Street Group LLC now owns 48,712 shares of the oil and gas company’s stock worth $189,000 after purchasing an additional 10,037 shares during the last quarter. Institutional investors own 3.58% of the company’s stock.

Ultrapar Participações Company Profile

Ultrapar Participações SA, through its subsidiaries, operates in the energy and infrastructure business in Brazil. The company distributes liquefied petroleum gas to residential, commercial, and industrial consumers, in addition to renewable electricity and compressed natural gas. It also operates in the distribution and marketing of gasoline, ethanol, diesel, fuel oil, kerosene, natural gas for vehicles, and lubricants; and holds AmPm convenience stores and provides JetOil lubricant services.